Liberty 77 Capital L.P. Sells 1,803,786 Shares of Starz Entertainment (NASDAQ:STRZ) Stock

Starz Entertainment Corp. (NASDAQ:STRZ) major shareholder Liberty 77 Capital L.P. sold 1,803,786 shares of Starz Entertainment stock in a transaction on Friday, March 6th. The shares were sold at an average price of $13.86, for a total transaction of $25,000,473.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Starz Entertainment Trading Up 11.8%

NASDAQ:STRZ traded up $1.61 during trading hours on Friday, reaching $15.30. The company’s stock had a trading volume of 355,404 shares, compared to its average volume of 158,573. Starz Entertainment Corp. has a one year low of $8.00 and a one year high of $22.98. The business’s 50-day moving average is $10.43 and its 200-day moving average is $11.57.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on STRZ shares. Wall Street Zen downgraded Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Weiss Ratings reissued a “sell (e)” rating on shares of Starz Entertainment in a research report on Monday, December 29th. Morgan Stanley reduced their price objective on shares of Starz Entertainment from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Starz Entertainment currently has an average rating of “Hold” and an average target price of $19.80.

Institutional Trading of Starz Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC increased its holdings in Starz Entertainment by 12.5% in the 4th quarter. Alpine Global Management LLC now owns 148,703 shares of the company’s stock valued at $1,740,000 after buying an additional 16,472 shares during the period. Beartown Capital Management LLC acquired a new stake in shares of Starz Entertainment during the 4th quarter valued at about $585,000. J. Goldman & Co LP increased its stake in Starz Entertainment by 21.6% in the fourth quarter. J. Goldman & Co LP now owns 255,690 shares of the company’s stock valued at $2,992,000 after acquiring an additional 45,352 shares during the period. AQR Capital Management LLC increased its stake in Starz Entertainment by 19.0% in the fourth quarter. AQR Capital Management LLC now owns 36,497 shares of the company’s stock valued at $421,000 after acquiring an additional 5,830 shares during the period. Finally, Trexquant Investment LP acquired a new position in Starz Entertainment in the fourth quarter worth about $538,000.

Starz Entertainment Company Profile

Starz Entertainment (NASDAQ: STRZ) is a global media and entertainment company that operates premium subscription video services across linear television and digital streaming platforms. The company’s core offering includes the STARZ and STARZ ENCORE linear networks in the United States, alongside its STARZPLAY streaming service, which is available in North America, parts of Europe, Latin America and select Asian markets. Through its multi-platform distribution strategy, Starz delivers a combination of original programming, feature films and licensed series to a broad subscriber base.

At the heart of Starz Entertainment’s business is its investment in original content production.